you have hit the nail on the head. It increases the eps but at the same time decreases the net cash per share or increases the net debt per share.
It is in effect a 100% geared investment in your own shares. Great if your shares are going up in future. Not so if your’s are heading down as they have with amp.
What is the aim of the buyback?, page-3
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Last
$1.12 |
Change
0.005(0.45%) |
Mkt cap ! $3.015B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.13 | $1.11 | $13.15M | 11.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 346992 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 371197 | 16 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$1.12 |
Change
0.005 ( 0.33 %) |
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| Open | High | Low | Volume | ||
| $1.12 | $1.13 | $1.11 | 1413835 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| AMP (ASX) Chart |